Health Savings Account

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Is a Health Savings Account (HSA) for you?*

An HSA is a tax-exempt account established to help pay medical expenses in conjunction with a high-deductible healthcare plan (HDHP) and can help you save for future health and retirement needs. Much like an individual retirement account, unused deposits roll over each year and grow tax-preferred through investment earnings. To better understand HSAs, read our FAQs.

To open an HSA, and make tax-fee contributions:

The account holder must have a high-deductible health insurance plan and cannot be covered by another non-high-deductible health insurance plan

The account holder cannot be enrolled in Medicare.

The account holder may not be claimed as a dependent on another person’s tax return.

Direct deposit without requiring a National Bank Of Kansas City primary checking account

2015 Contribution and Deduction Limits

2015 REQUIREMENTS

HEALTH PLAN

SINGLE

FAMILY

Minimum deductible

$1,300

$2,600

Out-of-pocket maximum

$6,450

$12,900

Maximum contribution

$3,350

$6,650

$1,000 additional catch-up contribution allowed for those age 55 and older.

2014 Contribution and Deduction Limits

2014 REQUIREMENTS

HEALTH PLAN

SINGLE

FAMILY

Minimum deductible

$1,250

$2,500

Out-of-pocket maximum

$6,350

$12,700

Maximum contribution

$3,300

$6,550

$1,000 additional catch-up contribution allowed for those age 55 and older.

*Consult a tax advisor for complete information pertaining to tax liabilities. Information provided is not intended to be legal or tax advice.
This account has a $15 set-up fee. The set-up fee is subject to change at any time. There is a $2 monthly fee if the account balance falls below $5,000. Paper checks are available for $15.